Crux Capital, a Dallas-based private equity firm, adds two executives

https://s24806.pcdn.co/wp-content/uploads/2024/06/CruxCapital_ArdianSahinovic-970.jpg

Crux Capital Director for Business Development Ardi S. Sahinovic [Photo by Business Wire]


Crux Capital, a Dallas-based private equity company, has hired Ardi Sahinovic to be its director of business development and Amanda Kennelly to be vice president of administration. The firm said that the strategic hires demonstrate a commitment towards bolstering their capabilities and driving growth.

“The additions of Amanda and Ardi reflect Crux Capital’s commitment to supporting our expanding operations and strengthening our capabilities.” We are excited to use their expertise to continue to grow,” Principal James Kay stated in a press release.

Business development

Sahinovic will be leading the firm’s origination effort and supporting deal execution, investor relationships, and capital formation.

“We are thrilled to have Ardi joining our team. His extensive experience in the business development field and his strategic vision are going to be invaluable as we expand our portfolio and explore other investment opportunities,” Wayne Moore said in a Crux Capital statement.

Sahinovic brings to Crux a wealth experience, according to the firm. He played a similar role with Roark Capital in Atlanta, a private equity firm that manages $38 billion of assets. Sahinovic gained a lot of experience at Roark working with franchises and multi-unit businesses.

“Crux impressed me with the track record it has in creating value for its partners and investors.” Sahinovic said, “I feel privileged to be a part of this growing organization. I look forward to the future we can create together.”

Sahinovic began his career as a Deloitte management consultant after two years of non-profit work with Teach for America.

Administrative Management

Kennelly brings to the firm over 15 years experience in administrative support, project and office management. Crux said.

She worked as a office manager for Renovo Capital in Dallas, a private equity company. Kennelly had previously worked in similar roles for other investment firms.

Crux Capital stated that it is well positioned to continue on its growth trajectory with these appointments.

Get on the list

Dallas Innovates every day

Sign up for daily updates on what’s happening in Dallas-Fort Worth.

R E A D n E X T

  • Applications are invited from mobility startups across the country, including those with innovative ideas for transporting people or goods. The unique accelerator program supports startup companies in the automotive ecosystem. This includes everything from AI-powered industry solution and transportation infrastructure, to dealer support and other related services.

  • In 2023, entrepreneurs looking for venture capital will find fewer investors and lower funding. Pitchbook reports the number of U.S. transactions in the first quarter of 2023 were just slightly higher than those made in the same period of 2018. North Texas had a similar experience. Dallas-based Beyond Capital, however, is trying to reverse this trend by investing more in startups. It will open its third fund in the first quarter 2024 to new investors. Beyond Capital is looking for startups that need Seed to Series A funding. What…

  • Do Americans still think that owning a vehicle is necessary to get ahead in a world transformed by remote work and virtual service? Researchers examined how vehicle ownership impacts upward movement post-pandemic, from employment to social benefits.

  • Fogo de Chao, a Brazilian restaurant brand with a Plano base, announced that it would be acquired by Bain Capital Private Equity in order to accelerate its expansion and growth. Fogo announced that it will continue to be managed by its current team, headed by Chief Executive Officer Barry McGowan. Fogo is owned by funds affiliated with Rhone capital since the company went private in 2018. “Over the last few years, we have made significant progress in enhancing our unique offer and ability to provide the best in experiential dining for more guests than ever. We thank the Rhone Team for their partnership throughout…

  • Dallas-based Cypress Growth Capital defies the norms of funding. This trailblazing venture capital firm is not your typical venture capitalist. It has made its 50th investment, and fourth major play of the year, a $4 million stake with medical records disruptor ChartSquad. Vik Thapar, Managing Director of the firm, reveals the unique model that fosters rapid growth while maintaining entrepreneurial control.

<<<- Go Back